MBIA $(MBI)$ reported a FY 2025 GAAP net loss of USD 177 million, or USD (3.58) per diluted share, and Adjusted Net Income of USD 23 million, or USD 0.46 per diluted share. The results reflected a favorable shift in losses and loss adjustment expenses (LAE) at National Public Finance Guarantee, which posted a net benefit of USD 33 million in FY 2025, largely tied to its Puerto Rico Electric Power Authority (PREPA) exposure, including the sale of custodial receipts related to a portion of PREPA bankruptcy claims at a price above the then-estimated loss recovery amount. For Q4 2025, MBIA posted a GAAP net loss of USD 51 million, or USD (1.01) per diluted share, and an Adjusted Net Loss of USD 12 million, or USD (0.24) per share. MBIA ended 2025 with liquidity of USD 357 million. During Q4 2025, National paid a USD 63 million dividend to MBIA, and MBIA repaid USD 45 million of 7.00% debentures at maturity; no shares were repurchased in the quarter. As of February 19, 2026, MBIA had USD 71 million remaining under its share repurchase authorization and 50.5 million common shares outstanding. National reported statutory capital of USD 0.9 billion and claims-paying resources of USD 1.4 billion at December 31, 2025, with gross par outstanding of USD 22.3 billion and an insured leverage ratio of 24 to 1. MBIA Insurance Corp. reported statutory capital of USD 79 million and claims-paying resources of USD 317 million, with gross par insured of USD 2.0 billion at year-end 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MBIA Incorporated published the original content used to generate this news brief on February 26, 2026, and is solely responsible for the information contained therein.
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